GC Sanity - I am I being fleeced or is this just the Business

[William Tharp]

Good morning BP, I am a long time but and hold investor but a Newbie to new, multi unit construction on the west coast of Florida. I am building out a multi unit building with a cost, including labor and materials of 1.1 million. Because the deal is awesome, I am seeking to close on it even though it is quite a ways from my home. To handle the project I asked for fixed priced quotes from GC's in the area. One of the responses was: Labor and materials 1.1 million Onsite Project supervisor 90k GC profit and oversight costs 260k In my opinion, the combined costs of the 90k plus 260k seems high. Can experienced investors in new construction projects in the Florida west coast area provide me some feedback on whether these costs are responsible? Many Thanks, William William